Wage growth picks up which may improve household purchasing power, figures show

“From a jobseeker perspective, relatively high nominal wage growth means that posted wages have now been growing faster than consumer price inflation in Ireland for five consecutive months,” said Mr Adrjan.  Picture: iStock

Household purchasing power may improve this year due to a slight rise in wage growth, but this could derail plans by the European Central Bank to reduce interest rates further, a report suggested. 

Irish wage growth crept upward to 4.3% last month, up slightly from the 4% to 4.1% range recorded since the start of this year, according to a report released by jobs site Indeed in collaboration with the Central Bank.